Overview
Ethereum Investment strategy for those with high risk tolerance.
Goals
- Buy Ether coins at $220
- Sell Ether coins at $380
Specifications
Ethereum is currently trading at $205 and is bouncing off the $185 day low. ETH has been in a descending channel this month and is down over 38% in one month. The goal is to buy at the $220 price point. We plan on doing a swing trade with a goal of flipping ETH at $380. We believe Ethereum will be going towards $500 in the next 6 months. This is a short term trade. There is no guarantee that this trade will make money. Look at the charts and invest at your own risk. It is much easier to invest when things are going up. It is much harder to go against the grain and invest when everyone else is pulling their money out. The whole cryptocurrency market cap has gone from 100 billion down to 84 billion in a span of five days. Ethereum is down from 25 billion to 19 billion.
Find a good entry point in. If you feel Ethereum is here to stay and has the upside to keep growing this could be an opportunity to get in on a dip. This investment can be scaled up to any size.